Closing Costs

by Don
(Rome,Ga)

I am buying a home from an individual, a rent to buy situation. We only owe $4,150. What would the closing costs approximately be when we close on this home purchase.

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ANSWER
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Don,

If I understand your question correctly, you are buying a home from a private individual. If you have a balance of just over $4,000, I would assume you bought the house on a land contract and have been paying on it for a period of years.

The only closing cost you should have is the transfer of deed and some title insurance. Should not amount to much.

I suggest you talk with a title company in your area. That should give you a better idea of how much for your closing and the best way to proceed.

Kind regards,

Jeff